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Why Bankers Rule the World
Posted on09. Nov, 2012 by Ellen Brown.
……..It’s the Interest, Stupid! By Ellen Brown In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain [...]
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QE Infinity: What Is It All About?
Posted on04. Oct, 2012 by Ellen Brown.
By Ellen Brown QE3, the Federal Reserve’s third round of quantitative easing, is so open-ended that it is being called QE Infinity. Doubts about its effectiveness are surfacing even on Wall Street. The Financial Times reports: Among the trading rooms and floors of Connecticut and Mayfair [in London], supposedly sophisticated money managers are raising big [...]
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US: Jumpstart the Economy!
Posted on22. Sep, 2012 by Ellen Brown.
Why QE3 Won’t Jumpstart the Economy—and What Would? By Ellen Brown The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives. The Fed’s announcement on [...]
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The Myth That Japan Is Broke
Posted on06. Sep, 2012 by Ellen Brown.
The World’s Largest “Debtor” Is Now the World’s Largest Creditor By Ellen Brown Japan’s massive government debt conceals massive benefits for the Japanese people, with lessons for the U.S. debt “crisis.” In an April 2012 article in Forbes titled “If Japan Is Broke, How Is It Bailing Out Europe?”, Eamonn Fingleton pointed out the Japanese [...]
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Fixing the Mortgage Mess
Posted on23. Aug, 2012 by Ellen Brown.
The Game-changing Implications of Bain v. MERS By Ellen Brown, J.D. Two landmark developments on August 16th give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain: (1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic [...]
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US: Saving the Post Office
Posted on13. Aug, 2012 by Ellen Brown.
Letter Carriers Consider Bringing Back Banking Services By Ellen Brown On July 27, 2012, the National Association of Letter Carriers adopted a resolution at their National Convention in Minneapolis to investigate establishing a postal banking system. The resolution noted that expanding postal services and developing new sources of revenue are important to the effort to [...]
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Titanic Banks Hit LIBOR Iceberg
Posted on20. Jul, 2012 by Ellen Brown.
Will Lawsuits Sink the Ship? By Ellen Brown At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts. Charges include racketeering (organized [...]
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Government by the Banks for the Banks
Posted on02. Jul, 2012 by Ellen Brown.
The ESM Coup D’Etat in Europe By Ellen Brown On Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was dry,” as critics complained. Besides easing the conditions under which bailouts would be given, the concessions included an agreement that funds intended for indebted governments could [...]
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The JPM Derivatives Propping Up U.S. Debt
Posted on21. Jun, 2012 by Ellen Brown.
Why the Senate Won't Touch Jamie Dimon By Ellen Brown When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he [...]
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US: Out of the Mouths of Babes
Posted on31. May, 2012 by Ellen Brown.
By Ellen Brown The youtube video of 12 year old Victoria Grant speaking at the Public Banking in America conference in April has gone viral, topping a million views on various websites. Monetary reform—the contention that governments, not banks, should create and lend a nation’s money—has rarely even made the news, so this is a [...]
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